Suggested last night to sell TBF (see post here), picked up a small gain of 6.1%. See below for new bond purchase.
CLICK ON CHART TO ENLARGE
Game Plan…Buying TLT at (2) in the above chart, with a 2% stop.
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Great comments D. Rockeyfeller…have you laid Crude oil on top of USO? do sometime… USO has been challenged by large tracking errors. Back in 2007/08 when Crude oil rose from $50 to $150…USO rose from $50 to $100. I believe it has some of the same challenges UNG does.
I kind of like the last comment….”I trust nothing but the charts!” 😉
I like to follow USO as a proxy for the global oil price on the charts more than anything else. Since 1971-Nixon oil has backed the US Federal Reserve Note and our troops keep it that way for now. When oil declines in price the value in terms of oil goes up-simple. Gold, silver, oil, most commodities rise as do most global stock markets-it’s a global economy now. I like Seadrill for drillers best but only when oil is rising. Canadian Trusts like ERF and also silver and gold stocks etc. but only when oil is rising. I’ve also played TLT when the dollar is rising but only when it rises short term. Oil is the key and John D. Rockefeller and Rothchild knew that and Rothchild controls the gold fix and market and diamonds owning DeBeer’s and owns our private Fed/IRS scam banks through Barclays Bank in London. I trust nothing except charts.
cK,
I liked TLT because it had fallen 10% and hit fibonacci support. Another reason I liked it…the “Power of the Pattern” was suggesting equities were at a high. If this read was correct and stock were to fall in a big way (due to the NDX/VXN spread) money could flow into TLT as a flight to quality, yet at the same time money could run from other bonds, junk and muni’s!
Hi Chris,
Does it make sense to go back and get TBF based on your comment above and other bond posts?
Thanks,
cK
Yes I got stopped out…I got in with a 2% trailing stop risk.
Good luck with TMV. Conditions look good for you, especially if VKQ and PCK are any indication.
Anyone surprised that Silver couldn’t bounce after the pounding on Friday? Darn that ZSL, is making more pocket change again today.
Anyone notice that even though the market was up almost 80 points today, that “DUG” wasn’t down much! This would appear to be reflecting “relative weakness” in the oil stocks! Which is good for DUG holders!!!
Well was KentuckyChris correct?
Have you been stopped out yet?
I hope to hold TMV until TLT breaks below 90.
Wish me luck!
Best Regards
Jeff
Per?
i’m gonna guess you get stopped out.
From a macro point of view, yields going up could suggest economic improvements are in store.
Jeff,
Understand TLT concerns. Nothing more than a short-term play after a 10% decline in TLT. I did the “Cracks in the foundation” piece on bonds. Not a good sign. Speaking of munis…one of the charts was on VKQ, the muni bond etf. WHAM is all I can say, down what almost 5% in a couple of days.
Now cracks are starting to show up in AGG and EMB
Not sure about this one.
Even bond bulls like Rosenberg are suggesting the 30-year yeild could retrace back to 4.7-4.8%, and we’re not there yet.
I’ve been selling my winners too early, so I may stay short.
Although considering all the muni-funds I’m holding, I guess I’m just hedged!
Best,
Jeff
Joseph…Looks like you got a couple of good ones in your portfolio…good luck. Gold, silver, grains and softs down hard tonight, along with equities.
You read my mind. I am in $TMF and $ZSL as of yesterday, always nice to see you on my side of the trade.